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Western Springs, Cook County, Illinois Property Taxes

  • Median WESTERN SPRINGS, IL effective property tax rate: 2.25%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.

  • Median WESTERN SPRINGS, IL home value: $483,365

  • Median annual WESTERN SPRINGS, IL tax bill: $10,717, $8,317 higher than the national median property tax bill of $2,400.

How are property taxes in Cook County calculated?

Property taxes in WESTERN SPRINGS, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding WESTERN SPRINGS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in WESTERN SPRINGS, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Western Springs, Cook County, Illinois Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.25%

Estimate Property Tax Bill

$10,876

$10,092

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Western Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Western Springs with just two data points. By entering your property's estimated assessed value, our calculator applies Western Springs’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Cook County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Western Springs, Cook County, Illinois

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each county annually calculates its required budget to provide essential services and then divides this budget by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is the basic annual process. In Western Springs, located in Cook County, the effective property tax rate is notably higher than the national median of 1.02%, aligning with the state median, which is among the highest in the nation. This can lead to substantial property tax bills compared to the national median property tax bill of $2,400. For homeowners in Western Springs, understanding these rates is crucial for financial planning and considering potential tax appeal opportunities. Comparing Western Springs' property tax rate to other cities in Illinois and the broader U.S. context highlights the importance of staying informed and proactive about property tax assessments and potential exemptions.

Property Tax Rates Across Western Springs, Cook County, Illinois

Source: Ownwell

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1.47%

4.93%

8.39%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Western Springs Tax Rate

2.25%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cook County Tax Rate

2.01%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Western Springs, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
605582.01%2.15%2.25%2.32%2.39%

Source: Ownwell

Property Tax Assessment Values Across Western Springs, Cook County, Illinois

When examining property taxes in Western Springs, IL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cook County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: Cook County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Western Springs. For example, the median home price in Western Springs is $483,365, with tax bills ranging significantly across the county. 60558 has the highest median home price at $483,365.

Property Tax Assessment Values Across Western Springs, Cook County, Illinois

Source: Ownwell

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$25,480

$637,740

$1,250,000

Median Western Springs Market Value

$483,365

Median Cook County Market Value

$210,000

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Western Springs, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60558$319,734$388,770$483,365$670,985$912,276

Source: Ownwell

Property Tax Bills Across Western Springs, Cook County, Illinois

In Western Springs, Cook County, IL, property tax bills are calculated based on the assessed value of a home, which is a fraction of the market value determined by local assessors. Homeowners in this area face a median tax bill of $10,717, significantly higher than the national median of $2,400. This discrepancy is due to Illinois' relatively high property tax rates compared to the national average of 1.02%. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. These high tax bills can place a substantial financial burden on homeowners, impacting their overall cost of living and financial planning. Ownwell offers a solution by providing property tax appeal services, helping homeowners potentially reduce their tax burdens. By leveraging expertise in local tax laws and assessment practices, Ownwell assists homeowners in navigating the appeal process, ensuring they pay only their fair share and potentially saving them thousands of dollars annually.

Property Tax Bills Across Western Springs, Cook County, Illinois

Source: Ownwell

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$569

$15,332

$30,094

Median Western Springs Tax Bill

$10,717

Median Cook County Tax Bill

$4,680

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Western Springs, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60558$6,068$8,262$10,717$15,237$21,132

Source: Ownwell

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